Renaissance Technologies LLC Raises Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Renaissance Technologies LLC grew its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 76.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,900 shares of the industrial products company's stock after acquiring an additional 35,000 shares during the quarter. Renaissance Technologies LLC owned about 0.46% of Hyster-Yale Materials Handling worth $4,120,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Hyster-Yale Materials Handling by 165.5% in the fourth quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company's stock valued at $3,220,000 after purchasing an additional 39,415 shares during the period. American Century Companies Inc. increased its stake in Hyster-Yale Materials Handling by 15.8% during the 4th quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company's stock worth $14,002,000 after buying an additional 37,432 shares during the period. Empowered Funds LLC acquired a new position in Hyster-Yale Materials Handling during the 4th quarter worth $1,243,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter valued at $543,000. Finally, A&I Financial Services LLC acquired a new position in shares of Hyster-Yale Materials Handling during the 4th quarter worth about $492,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Stock Performance

Shares of Hyster-Yale Materials Handling stock traded up $0.49 during trading hours on Friday, hitting $39.61. 27,483 shares of the company were exchanged, compared to its average volume of 84,954. The stock has a market capitalization of $700.98 million, a price-to-earnings ratio of 4.44 and a beta of 1.32. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling, Inc. has a 1 year low of $34.13 and a 1 year high of $84.44. The business has a 50-day moving average of $43.48 and a 200-day moving average of $51.60.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 3.53%. Hyster-Yale Materials Handling's payout ratio is currently 17.37%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.